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Banks are required to report to SAMA two sets of prudential returns, the first set being the prudential returns at standalone level and the second set being the prudential returns at the consolidated level. For this purpose, banks shall use the relevant templates for the reporting of these prudential returns to SAMA.
10.
Where reporting on standalone (e.g. reporting of risk-weighted assets, minimum regulatory capital and liquidity requirements at the bank entity level) is not feasible, banks are required to seek SAMA’s supervisory approval on a yearly basis for exemption from reporting on standalone basis. The application for exemption should include proper justifications and risk management controls to ensure risks are managed effectively.
11.
Each consolidated subsidiary is not required to report its prudential returns to SAMA on a standalone basis. However, SAMA would expect the bank to have full risk oversight of its group’s subsidiary activities and be adequately informed of capital and liquidity adequacy of the overall group, including its major subsidiaries.
12.
SAMA expect banks to have access to information on the activities and risk exposures of all their subsidiaries and attribute these risk exposures to the consolidated subsidiaries at all times. Banks are required to have internal systems to support the group-wide risk monitoring and reporting and to provide the information, as and when, required by SAMA.
